Shocking stuff, as per usual.

The market does not fail levels i.e. support & resistance, the market fails maintaining volatility.

See, yesterday the level the market could had challenged in order to fail, was 1.0990

Since it came into sell orders on the way, it only made it to 1.0982, stalled & retreated.

Today the variables are different: the 3-day ATR has changed as well as the consolidation mean.

Therefore the level to challenge (for a likely failure) is 1.1035.

Try to grasp this idea of relativity. What was resistance yesterday, may be nothing today, and the real resistance is maintaining the level of volatility.

By stalling and raising the consolidation weight higher, more immediate upside became possible

pointers

A high has’t been recognized. A low has.

The most important line for premium / discount on a chart is the hourly 120 SMA.

I don’t think you would be able to figure out much until you get the measuring point and the volatility stick right, but just keep on anchoring those VWAPs like an angel in the meantime.

This would be the last time I’ll insert how to find the consolidation weight. Nothing to do with daily closes / opens.

This is a hanging garden. Just added this exception yesterday. #4 down (from the 8 EMO) prints with its high connected to the vine. Now 1.0962 is a buy and anything in the next 30 pips down.

Don’t know any other songs about Hanging Garden.

Here’s some Smashing Martens for reconciliation.

The low has been recognized. The high has not. You would need the CI to step outside the womb first.

Here you cannot see how the consolidation weight is moving higher. I gotta take a walk, man and make some color changes when I get back.